3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN16 1LR, £120,000

45 Oswald Road, Scunthorpe, North Lincolnshire, DN15 7PN - a month ago

Sold STC
Refurb/BRRR
ROI: 2%
~98 m²
+8 photos

ValuationFair Value

Sold Prices£70K - £225K
Sold Prices/m²£909/m² - £2K/m²

 

 

Square Metres

~97.80 m²
Price/m²£1.2K/m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£146,495

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£39,541

Bridging Loan Interest

£3,150

Total Cash In

£81,641

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£146,495

Mortgage (After Refinance)

£109,871

Mortgage LTV

75%

Cash Released

£19,871

Cash Left In

£61,770

Equity

£36,624

Rent Range

£625 - £1,000

Rent Estimate

£778

Running Costs/mo

£633

Cashflow/mo

£145

Cashflow/yr

£1,735

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £225K, average is £132.5K. £909/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£166K12/220 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£147K03/230 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£137.5K07/230.13 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.13 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£150K12/220.13 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£215K11/200.17 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.17 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£180K11/210.17 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£130K01/210.17 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£110K07/210.18 mi14, King Edward Street, Scunthorpe, City Of Kingston Upon Hull DN16 1LH3
£120K02/210.18 mi29, King Edward Street, Scunthorpe, North Lincolnshire DN16 1LH3
£132.5K08/230.19 mi9, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£103K05/210.19 mi18, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£115K06/210.19 mi22, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£95K11/200.19 mi3, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£105K05/210.2 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3
£183K03/230.21 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£132.5K05/210.22 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£142.5K12/200.23 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.23 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.23 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.23 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£180K08/230.24 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£87K11/210.25 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£165K01/230.26 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.26 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167K05/230.3 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£175K04/230.31 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£147K02/230.35 mi73, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2AJ3
£105K12/200.37 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.37 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£169.9K04/210.37 mi10, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BX3
£185K08/210.38 mi45, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BY3
£150K03/210.39 mi16, Atlas Road, Scunthorpe, North Lincolnshire DN17 1BZ3
£125K11/200.4 mi74, Rowland Road, Scunthorpe, North Lincolnshire DN16 1ST3
£110K12/200.41 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£82.5K07/210.41 mi10, Hallgarth Avenue, Scunthorpe, North Lincolnshire DN16 1UG3
£88K02/210.41 mi105, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE3
£120K09/230.41 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3
£225K07/230.42 mi47a, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£170K03/230.42 mi11, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£142K02/230.43 mi55, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£145K02/230.43 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.43 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£132.5K11/210.43 mi7, Chestnut Way, Scunthorpe, North Lincolnshire DN16 2EN3
£84K01/210.43 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£84K01/210.43 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£145K08/230.44 mi21, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£120K07/210.46 mi35, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DQ3
£111.5K09/210.46 mi51, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3

Local Rents

14 rents from £625/mo to £1K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£62503/240.22 miAbercorn Street, SCUNTHORPE3
£67503/240.23 miHaig Avenue, Scunthorpe3
£65003/240.3 miRowland Road, Scunthorpe3
£72512/230.46 mi-3
£80004/240.46 mi-3
£79501/250.46 mi-3
£81502/250.46 mi-3
£79503/250.46 mi-3
£1,00002/250.48 mi-3
£90004/250.48 mi-3
£80003/250.51 mi-3
£75003/250.56 mi-3
£78001/240.56 mi-3
£78001/240.56 mi-3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.17 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £120,000

March 16, 2025

Listed for £130,000

February 21, 2025

Floor Plans

Description

  • Good Residential Location +
  • Off Road Parking +
  • Scope to Renovate +
  • Investment Opportunity +
  • Separate Reception Rooms +
  • Utility & WC +
  • Gas Combi-Boiler +
  • Walkimg Distance to Schools +
  • Town Centre Location +
  • Garden +

Three-Bedroom Semi-Detached Home – Ideal for Investors & First-Time Buyers
Maple Tree Way, Scunthorpe
For Sale with No Forward Chain This three-bedroom semi-detached home presents a fantastic opportunity for investors or first-time buyers looking to undertake a full renovation project. Situated in a sought-after residential location, the property is within walking distance of highly-rated OFSTED primary and secondary schools, as well as pre-schools, healthcare surgeries, and convenience stores. It is conveniently positioned on a public bus route and offers easy access to Scunthorpe town centre, Central Park, and The Pods Leisure Centre. Offered with no forward chain, the property benefits from spacious accommodation throughout, with a well-proportioned floor plan that provides excellent potential for modernisation. The ground floor comprises a bay-fronted lounge with a uPVC window, carpeted flooring, a gas fireplace, a radiator, and a ceiling light. To the rear, there is a separate dining room with carpeted flooring, a radiator, and a rear-aspect window. The galley-style kitchen features wood-fronted wall and base units, a stainless steel sink with drainer, plumbing for white goods, a combi boiler, walk-in pantry storage under the stairs, partial wall tiling, and vinyl flooring. The rear lobby provides access to a utility storage area and a ground floor WC, which includes tiled flooring and a side-aspect window. The first floor offers two generously sized double bedrooms, one with a front aspect and the other with a rear aspect, both featuring uPVC windows, carpeted flooring, radiators, built-in wardrobe storage, and ceiling lights. There is also a front-aspect single bedroom with carpeted flooring, a uPVC window, a radiator, and a ceiling light. The three-piece bathroom suite comprises a panel bath with an over-bath shower, a pedestal hand basin, a close-coupled toilet, built-in storage, carpeted flooring, tiled walls, a radiator, a rear-aspect obscure glazed window, and a ceiling light. Externally, the property enjoys a good-sized east-facing rear garden, offering plenty of potential for landscaping. To the front, there is off-road parking with gated access. This is a fantastic opportunity to transform a well-located property into a modern home. Early viewing is recommended to appreciate the potential on offer. For further details or to arrange a viewing, please get in touch.

DISCLAIMER: Louise Oliver Properties Limited themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars are set out as a general outline only for the guidance of intending purchasers or lessors, and do not constitute part of an offer or contract; all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Room sizes are given on a gross basis, excluding chimney breasts, pillars, cupboards, etc. and should not be relied upon for carpets and furnishings. We have not carried out a detailed survey and/or tested services, appliances, and specific fittings. No person in the employment of Louise Oliver Properties Limited has any authority to make or give any representation of warranty whatever in relation to this property and it is suggested that prospective purchasers walk the land and boundaries of the property, prior to exchange of contracts, to satisfy themselves as to the exact area of land they are purchasing.

Features

  • Full Double Glazing
  • Gas Central Heating Combi Boiler
  • Fireplace

Property additional info

Lounge : 4.52m x 3.60m
Front-facing lounge featuring a bay window, carpeted flooring, gas fireplace, radiator, and ceiling light.

Dining Room : 3.65m x 3.60m
Rear-facing dining room featuring a bay window, carpeted flooring, gas fireplace, radiator, and ceiling light.

Kitchen : 2.77m x 2.06m
Galley-style kitchen featuring wood-fronted wall and base units, a stainless steel sink with drainer, plumbing for white goods, an obscure glazed window, a combi boiler, walk-in under-stair storage, partial wall tiling, and vinyl flooring.

WC:
Ground floor WC located at the rear of the property, accessed from the rear lobby, featuring tiled flooring and a side-aspect window.

Bedroom One : 3.78m x 3.60m
Front-aspect double bedroom featuring a uPVC window, carpeted flooring, radiator, built-in wardrobe storage, and a ceiling light.

Bedroom Two : 3.65m x 3.59m
Rear-aspect double bedroom featuring a uPVC window, carpeted flooring, radiator, built-in wardrobe storage, and a ceiling light.

Bedroom Three : 2.54m x 2.10m
Front-aspect single bedroom featuring carpeted flooring, a uPVC window, radiator, and ceiling light.

Bathroom : 2.06m x 2.04m
Three-piece bathroom suite comprising a panel bath with an over-bath shower, pedestal hand basin, and close-coupled toilet. The room also features built-in storage, carpeted flooring, tiled walls, a radiator, a rear-aspect obscure glazed window, and a ceiling light.

Roof type: Clay tiles.

Mobile signal/coverage: Good.

Flooded in the last 5 years: No.

Does the property have flood defences?
No.

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

Heating Supply: Central heating (gas).

Parking Availability: Yes.

Agent Details

Louise Oliver Properties, Scunthorpe

01724 853222

Next Steps?

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